The Indian fashion retail industry remains, to this day, one of the fastest growing and lucrative business ventures in the country. Here we have outlined the 5 major segments of this industry:
The Indian fashion retail market is poised for great growth. India is increasingly a focal point for the fashion industry, reflecting a rapidly growing middle class and an increasingly powerful manufacturing sector. Private consumption remains the primary driver of economic growth, and this is reflected in the relatively high share of merchandise retail market, which was about € 575 billion in 2017 and expected is to grow to about € 975 billion by the end of 2022.
Men’s Wear-
Men’s wear to this day remains the largest fashion retail segment in India, spanning 65% of the overall sales in the retail industry. Men are known to be loyal shoppers who know what they prefer and show significant brand loyalty. Hence, a franchise outlet of a renowned men’s wear fashion brand would be a lucrative business proposition.
Investment Required: Rs. 40-50 lakhs
Area Required: 1000 sq ft.
Inventory Expenses: Rs. 15-25 lakhs
Interior Expenses: Rs. 12-15 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 70-80,000
Break-even Time: 1-1.5 years
Women’s Wear-
The new generation has made fashion a priority with the higher disposable income levels, higher spending capacity, and greater shopping inclinations. The fashion retail market is dominated by women’s wear. Women are fashion’s biggest spenders when you look at how fast sales are growing especially with international fashion brands seeping into the Indian retail space.
Investment Required: Rs. 50-60 lakhs
Area Required: 1000-1200 sq ft.
Inventory Expenses: Rs. 15-25 lakhs
Interior Expenses: Rs. 15-18 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 60,000-70,000
Break-even Time: 1-1.5 years
Kids Wear-
The kids wear market in India has witnessed vast changes in the last few years – both product and consumer wise. Parents now exhibit considerable brand recognition and lean towards high-quality apparels for their kids. This has trickled down to the kids as well, who have now emerged as an independent buyer group altogether.
Investment Required: Rs. 35-40 lakhs
Area Required: 800-1200 sq ft
Inventory Expenses: Rs. 15-20 lakhs
Interior Expenses: Rs. 10-12 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 60,000-70,000
Break-even Time: 8-12 months
Ethnic Wear-
Changing lifestyles, rapid urbanisation, increase in the female workforce and increasing fashion awareness have all led to incremental growth of the ethnic wear segment over the past few years, with experts reporting a significant rise in demand for ethnic clothing for both men and women.
Investment Required: Rs. 20-40 lakhs
Area Required: 800-1200 sq ft.
Inventory Expenses: Rs. 10 lakhs
Interior Expenses: Rs. 12-15 lakhs
Salaries of Employees: Rs. 50-60,000
Miscellaneous Expenses: Rs. 1-2 lakhs
Break-even Time: 6-12 months
Fashion Accessories-
Fashion accessories have only recently been introduced into the formal retail experience. With a long history in the unorganised un-branded market - ranging from street vendors to select small stores - fashion accessories are now also available in curated collections through luxury boutiques, high street brands, international accessories’ chains, international brands with accessories’ sections and multi-brand outlets. All this due to the huge rise in demand in the fashion accessories industry segment.
Investment Required: Rs. 25-30 lakhs
Area Required: 500-700 sq ft.
Inventory Expenses: Rs. 10-15 lakhs
Interior Expenses: Rs. 7-10 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 60,000 -70,000
Break-even Time: 6-8 months
The Indian fashion retail market is poised for great growth. India is increasingly a focal point for the fashion industry, reflecting a rapidly growing middle class and an increasingly powerful manufacturing sector. Private consumption remains the primary driver of economic growth, and this is reflected in the relatively high share of merchandise retail market, which was about € 575 billion in 2017 and expected is to grow to about € 975 billion by the end of 2022.
Men’s Wear-
Men’s wear to this day remains the largest fashion retail segment in India, spanning 65% of the overall sales in the retail industry. Men are known to be loyal shoppers who know what they prefer and show significant brand loyalty. Hence, a franchise outlet of a renowned men’s wear fashion brand would be a lucrative business proposition.
Investment Required: Rs. 40-50 lakhs
Area Required: 1000 sq ft.
Inventory Expenses: Rs. 15-25 lakhs
Interior Expenses: Rs. 12-15 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 70-80,000
Break-even Time: 1-1.5 years
Women’s Wear-
The new generation has made fashion a priority with the higher disposable income levels, higher spending capacity, and greater shopping inclinations. The fashion retail market is dominated by women’s wear. Women are fashion’s biggest spenders when you look at how fast sales are growing especially with international fashion brands seeping into the Indian retail space.
Investment Required: Rs. 50-60 lakhs
Area Required: 1000-1200 sq ft.
Inventory Expenses: Rs. 15-25 lakhs
Interior Expenses: Rs. 15-18 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 60,000-70,000
Break-even Time: 1-1.5 years
Kids Wear-
The kids wear market in India has witnessed vast changes in the last few years – both product and consumer wise. Parents now exhibit considerable brand recognition and lean towards high-quality apparels for their kids. This has trickled down to the kids as well, who have now emerged as an independent buyer group altogether.
Investment Required: Rs. 35-40 lakhs
Area Required: 800-1200 sq ft
Inventory Expenses: Rs. 15-20 lakhs
Interior Expenses: Rs. 10-12 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 60,000-70,000
Break-even Time: 8-12 months
Ethnic Wear-
Changing lifestyles, rapid urbanisation, increase in the female workforce and increasing fashion awareness have all led to incremental growth of the ethnic wear segment over the past few years, with experts reporting a significant rise in demand for ethnic clothing for both men and women.
Investment Required: Rs. 20-40 lakhs
Area Required: 800-1200 sq ft.
Inventory Expenses: Rs. 10 lakhs
Interior Expenses: Rs. 12-15 lakhs
Salaries of Employees: Rs. 50-60,000
Miscellaneous Expenses: Rs. 1-2 lakhs
Break-even Time: 6-12 months
Fashion Accessories-
Fashion accessories have only recently been introduced into the formal retail experience. With a long history in the unorganised un-branded market - ranging from street vendors to select small stores - fashion accessories are now also available in curated collections through luxury boutiques, high street brands, international accessories’ chains, international brands with accessories’ sections and multi-brand outlets. All this due to the huge rise in demand in the fashion accessories industry segment.
Investment Required: Rs. 25-30 lakhs
Area Required: 500-700 sq ft.
Inventory Expenses: Rs. 10-15 lakhs
Interior Expenses: Rs. 7-10 lakhs
Salaries of Employees: Rs. 80,000 to 1 lakhs
Miscellaneous Expenses: Rs. 60,000 -70,000
Break-even Time: 6-8 months
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